4/7-11 Ocean Reef Drive, Patterson Lakes, VIC 3197 | Property Value & History | OnTheHouse
 
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4/7-11 Ocean Reef Drive
Patterson Lakes VIC 3197

Bedrooms: 3
Bathrooms: 2
Car spaces: 3
Floor area: 138m2
Land area: 2095m2
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Last updated 15 Dec 2025
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Property Details for 4/7-11 Ocean Reef Dr, Patterson Lakes

4/7-11 Ocean Reef Dr, Patterson Lakes is a 3 bedroom, 2 bathroom Townhouse with 3 parking spaces and was built in 1990. The property has a land size of 2095m2 and floor size of 138m2. While the property is not currently for sale or for rent, it was last sold in July 2023.

Building Type
Townhouse
Year Built
1990
Floor Size
138m2
Land Size
2095m2
Local Government
Kingston
Lot/Plan
4/PS303806

Last Listing description (August 2023)

You want to act fast to secure this fantastic Townhouse that's perfectly positioned just metres away from a playground reserve, wetland walking/bike tracks, public transport, schools and kinda's as well as easy access to both Eastlink and Mornington Peninsula freeways.
Uniquely this townhouse has its own enormous backyard for the kids and pets with a full width paved and covered alfresco outdoor entertaining area.
Inside you have 2 living areas (1 up & 1 down) 3 bedrooms, 2 bathrooms, 3 toilets, kitchen with dishwasher, huge laundry, built-in-robes to all bedrooms , garage with internal access plus your own driveway can fit 3 more cars off street, ducted heating and ceiling fans, ducted vacuum, new roof and under stair storage.

This property only shares common property insurance and has NO BODY CORP FEES.
Ideal first home, investment but also big enough for a young family to enjoy everything our magnificent suburb offers.

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Property History for 4/7-11 Ocean Reef Dr, Patterson Lakes, VIC 3197

A timeline of how this property has performed in the market
Last Sold
$718,000
11 Jul 2023
Listed for Rent
$495/w
01 Jun 2022
  • 11 Jul 2023
    Sold for $718,000
  • 04 Jul 2023
    Listed for Sale UNDER CONTRACT
  • 13 Apr 2022
    Listed for Rent - Price not available
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About Patterson Lakes 3197

The size of Patterson Lakes is approximately 4.3 square kilometres. It has 17 parks covering nearly 11.5% of total area. The population of Patterson Lakes in 2016 was 7564 people. By 2021 the population was 7793 showing a population growth of 3.0% in the area during that time. The predominant age group in Patterson Lakes is 50-59 years. Households in Patterson Lakes are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Patterson Lakes work in a professional occupation.In 2021, 79.50% of the homes in Patterson Lakes were owner-occupied compared with 79.40% in 2016.

Patterson Lakes has 4,030 properties. Over the last 5 years, Houses in Patterson Lakes have seen a 37.40% increase in median value, while Units have seen a 25.67% increase. As at 30 November 2025:

  • The median value for Houses in Patterson Lakes is $1,366,139 while the median value for Units is $697,877.
  • Houses have a median rent of $755 while Units have a median rent of $620.
There are currently 14 properties listed for sale, and 10 properties listed for rent in Patterson lakes on OnTheHouse. According to Cotality's data, 162 properties were sold in the past 12 months in Patterson lakes.

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© Copyright 2025. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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